Tuesday, November 30, 2010

Space is not a government program; it’s the rest of the Universe. Private space business is now a major factor, bent on finding investors interested in generating profits by making space more accessible to more people. Space business pays taxes to governments; it does not consume tax revenues. Further, space business can offer launch services to government agencies at highly competitive rates, thus saving taxpayer dollars. How can they do this, competing with government-funded boosters with a 50-year track record? Simple: governments have no incentive to cut costs. Traditional aerospace industry giants have a huge vested interest in boosters that were developed to military and NASA standards, among which economy was not even an issue. But innovative, competitive companies such as XCOR Aerospace and Mojave Aerospace, without such baggage (and overhead) can drive costs down dramatically. This is a proven principle: notice that we are no longer buying IBM PCs with 64 k of RAM for $5000 a unit.

Even more important in the long view, space is a literally astronomical reservoir of material and energy resources. The profit potential of even a single such resource, such as solar power collectors in space beaming microwave power to Earth, is in the trillions of dollars. What would it be worth to the world to reduce fossil fuel consumption by a factor of 20 or 100 while lowering energy costs? Can we afford to continue pretending that Earth is a closed system, doomed to eke out finite resources into a cold, dark future?Can we afford space? Wrong question. Can businesses afford space? Yes. We get to reap the benefits of their innovative ideas and free competition without footing the bill.

John S. Lewis

John S. Lewis is a professor emeritus of planetary science at the University of Arizona’s Lunar and Planetary Laboratory and is Chief Scientist at Deep Space Industries. His interests in the chemistry and formation of the solar system and the economic development of space have made him a leading proponent of turning potentially hazardous near-Earth objects into lucrative space resources. Prior to joining the University of Arizona, Lewis taught space sciences and cosmochemistry at the Massachusetts Institute of Technology. He received his education at Princeton University, Dartmouth College and the University of California, San Diego, where he studied under Nobel Laureate Harold Urey. An expert on the composition and chemistry of asteroids and comets, Lewis has written such popular science books as "Mining the Sky", "Rain of Iron and Ice", and "Worlds without End".